Wrongful Act

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Wrongful Act

An accidental or deliberate violation of fiduciary responsibility by a member of a board of directors. Examples include relatively minor mistakes like misstatements to reporters that affect stock prices, as well as felonies such as theft or fraud. Wrongful acts can result in lawsuits. Directors and officers insurance protects companies from liability due to wrongful acts.
References in periodicals archive ?
In addition to the standard schedule of wrongful acts which include "violation of privacy regulations" and "unauthorized disclosure of information" (among others), companies should seek cyber policies that also extended to include more broadly defined acts, such as:
An exclusion severability provision states that no wrongful act committed by any one insured shall be imputed to any other insured for purposes of determining the applicability of any of the exclusions.
W]here the wrongful acts of the defendant have involved the plaintiff in litigation with others, or placed him in such relations with others as make it necessary to incur expense to protect his interest, such costs and expense should be treated as the legal consequences of the original wrongful act.
He underlined that a strong movement is required to stop the repetition of the wrongful act of blaspheming sanctities.
Following several hearings, the court has found the show as innocent of promoting any wrongful acts.
Secretary of Homs branch of al-Bth Party Subhi Harb said reconciliations that are continuing afoot present a chance for all those who have been enticed to get involved in wrongful acts to mend ways, hailing the immense efforts of government in this regard.
The court looked to the coverage provision, which stipulated that General Insurance "will pay on behalf of the insured damages that the insured becomes legally obligated to pay because of claims made against the insured for wrongful acts arising out of the performance of professional services for others.
Besides, an anti-corruption hotline was launched at the agency, and the citizens may report on wrongful acts of the workers of the State Registration Service.
Ryngaert and Buchanan sets out the theoretical basis of the responsibility framework for international organizations (IOs), discussing how the separate legal personality of IOs has an impact on the attribution of IO acts to the IOs themselves, and arguing that IOs incur obligations under international law for the violation of which they can be held responsible (there is no responsibility gap as regards wrongful acts of IOs).
Coverages available: General liability, wrongful acts, employment practices, school board liability, educators' legal liability, law enforcement liability.
WAG points to item 5 in the list of wrongful acts (oral or written publication of material that slanders) and seeks coverage under its professional liability policy.
It's important to note, however, that regardless of the specific type, individual practitioners cannot escape liability for their own negligence or deliberate wrongful acts.